Hostplus
David Elia
Super strategies worth thinking about at this time of year Around this time, many Australians start thinking about their goals and plans for the new year. It’s also a great time to consider your super contribution strategies, and how you can take advantage of some of the tax benefits that come with them. The best part is that we’re only halfway through the financial year. So you’ve still got around six months to maximise your tax incentives. Hostplus, one of Australia’s largest super funds, has summarised some of the contribution options you can consider.
assist. The super fund recently launched SuperSmart, an interactive online financial education and advice platform available exclusively to members. Tailored digital advice* on your contribution options and more is available through the platform at no extra cost. A new way to get financial education and tailored advice online SuperSmart is a member-only platform that provides expert tips and insights on managing your super and your finances, to build your super know-how as well as tailored advice*. You get access to short, self-paced learning modules and interactive ways to help you understand and navigate key decisions around super: • Bite-sized lessons to enhance your super knowledge at a time that suits you. • Articles with expert tips and insights based on your preferences. • Tailored advice journeys. At the end of the journey, a statement of advice is ready to download, containing simple steps to optimise your super and plan for retirement. Points are awarded for every lesson or article that gets completed, helping you engage and stay motivated with the modules. The SuperSmart platform is exclusive to Hostplus members. Access SuperSmart by logging in to Member Online. Visit hostplus.com.au/supersmart to find out more. Looking for a more personal touch? Hostplus offers a range of financial advice options to suit your needs, including phone-based super advice and comprehensive face-to- face financial planning. Visit hostplus.com.au/advice to find out more. Disclaimers *Members with Term Allocated Pension, Lifetime Pension, Defined Benefit Pension, nil balances, non-standard investment options and some Maritime Contributory Accumulation members cannot access SuperSmart financial advice services. Hostplus has engaged Industry Fund Services Limited (IFS) ABN 54 007 016 195, AFSL 232514 to facilitate the provision of financial advice to members of Hostplus via Hostplus financial planners and the web-based product SuperSmart. Hostplus financial planners are Authorised Representatives of IFS and fees may apply for personal financial advice; for further information about the cost of personal advice, you can speak with your Hostplus financial planner or visit our website hostplus. com.au. Information to help you decide whether you want to use personal financial advice services being offered is set out in the relevant IFS Financial Services Guide, copies are available from your Hostplus financial planner or SuperSmart. The information in this email is general advice only and does not take into account your personal objectives, financial situation or needs. You should consider if this information is appropriate for you in light of your circumstances before acting on it. Please read the relevant Hostplus Product Disclosure Statement, available at hostplus.com.au before making a decision about Hostplus. For a description of the target market, please read the Target Market Determination, available at hostplus. com.au
Tax-beneficial super contributions
Government co-contributions Low and middle-income earners could receive extra money from the government just by contributing to their super. If you’re eligible, the government could contribute 50c for every dollar you pay into your account – up to a maximum of $500. Spouse contributions Contributing to your partner’s super (or vice versa) can be a useful way to boost your combined savings. If you’re eligible, it might even help you save on tax. If you can afford it, small contributions could help you secure the retirement you both want and maximise a potential tax offset before the end of June 2025. Salary sacrifice contributions You can ask your employer to pay more into your super from your before-tax salary. It’s an easy way to grow your super and pay less tax. Best of all, because the money comes from your pre-tax salary, it won’t hit your wallet as hard. Tax-deductible contributions Did you know you can claim a tax deduction on the money you contribute to super from your after-tax income? Where you can afford it, small, regular contributions to your super can make a big difference to your savings by the time you retire. Come tax time, you may be able to claim a deduction on the contributions and boost your tax return. To find out more information about your super contribution options and eligibility requirements, visit hostplus.com.au/ grow
Wondering how to maximise your tax incentives?
Issued by Host-Plus Pty Limited ABN 79 008 634 704, AFSL 244392 as trustee for the Hostplus Superannuation Fund (the Fund) ABN 68 657 495 890, MySuper No 68 657 495 890 198.
If you’re wondering which contribution strategy would suit you best, Hostplus members now have a great tool to
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